Arsenal shareholder Stan Kroenke: My shares are not for sale

Stan Kroenke made his stance known following a $1.3 billion bid by a fellow shareholder, Alisher Usmanov after the club failed to clinch the premier league title once again.

The Financial Times reported on Friday (19 May) that billionaire Uzbek-born Russian steel magnate Usmanov, who increased his own stake in the Premier League giants to 30% after buying out partner and now Everton owner Farhad Moshiri previous year, had made a $1.3bn (£1bn) offer to buyout his fellow shareholder.

Arsenal's majority shareholder Stan Kroenke has released a statement making it clear he has no intention of selling the club.

Kroenke Sports and Entertainment added it was "a committed, long-term investor in Arsenal and will remain so".

Uzbek-born Russian Usmanov, who has a personal fortune of around £11.2bn, has always been interested in taking control of the club from Kroenke.

Regardless of what happens at Emirates Stadium during the close-season, Seaman - a three-time Premier League victor with Arsenal - wants to see a greater willingness to spend big to avoid being priced out of major signings by other elite clubs.

Arsene Wenger, on the other hand, has not revealed his plans for the future as he stated after the team's victory over Sunderland that he would only reveal his plans for the future after the end of the season.

English media reported that Kroenke has yet to formally respond to the offer, which was made last month and was reported initially by the Financial Times.

This weekend, Arsenal missed out on qualifying the Champions league for the first time in 20 years, a failure that is likely to cost it about £50m in lost revenues.

"I respect Stan Kroenke a lot".

"It is the technical department who is responsible for that".

The Gunners, who finished fifth in the Premier League this season, face Chelsea in the FA Cup final on Saturday. "I don't see what he has to do with that".

  • Julie Sanders